Per the reporter Zhang Yi Chengdu photography report per the editor Yi Qijiang
On April 29, the "2021 Capital Empowerment High-quality Development Summit" hosted by Chengdu Local Financial Supervision and Administration Bureau and Guosen Securities, guided by the Hong Kong Stock Exchange and hosted by Guosen Securities (Hong Kong) was held in Chengdu.
At the meeting, Li Jiajia, executive director of Hongtai Fund, believed in her speech that science and technology innovation is the core path of economic development, and equity investment is the best catalyst for scientific and technological innovation.
Li Jiajia said that in the past, the logic of enterprise development was that it was necessary to make a profit, and only profit could leverage capital to obtain greater development space through debt, credit and other means. In the capital market, the logic is completely different, equity investment, the value of the capital market to enterprises based on their growth and future profits, rather than the current cash flow, which is the greatest value of equity investment and capital markets to scientific and technological innovation and the new economy.
She pointed out that under the registration system, the market mechanism is fully tapped, the market value of listed companies is clearly differentiated, and only scientific and technological innovation has value. From the perspective of the market value characteristics of listed companies, the high market value of listed companies has a higher content of science and technology, in the listed companies with a market value of more than 50 billion, nearly 50% of the enterprises are scientific and technological innovation enterprises, and the transaction is active, "in the future, the Matthew effect of the strong Hengqiang may be very obviously reflected in the A-share market." ”
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